The Federal Government on Tuesday said it has voted N1,134,690,048,000.76 as the initial capital for the construction of 12 roads. Minister of Works and Housing, Mr. Babatunde Fashola, who made this known, said the roads were chosen to ensure that the six geopolitical zones in the country benefited from it. He added that the Federal Government is already executing over 700 contracts, which aggregate to the rehabilitation and reconstruction of over 13,000km roads and bridges across the 36 states of the federation and the Federal Capital Territory (FCT). Fashola said this during the Highway Development Management Initiative Ministerial Notice briefing, noting that as a result of the size of the undertaking, there was a demand for funding to finance the projects to completion and maintain them. There was also the need to finance other complementary services like weigh bridges, rest houses towing vehicles and road furniture which seem better suited for the commercial initiative of the private sector, the minister said. Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation Report Banks Hoarding Forex – Central Bank Of Nigeria Tells Nigerians Federal Government Justifies $100 Charges, Others Imposed On Nigerians In Diaspora
Minister of Works and Housing, Mr. Babatunde Fashola, who made this known, said the roads were chosen to ensure that the six geopolitical zones in the country benefited from it. He added that the Federal Government is already executing over 700 contracts, which aggregate to the rehabilitation and reconstruction of over 13,000km roads and bridges across the 36 states of the federation and the Federal Capital Territory (FCT). Fashola said this during the Highway Development Management Initiative Ministerial Notice briefing, noting that as a result of the size of the undertaking, there was a demand for funding to finance the projects to completion and maintain them. There was also the need to finance other complementary services like weigh bridges, rest houses towing vehicles and road furniture which seem better suited for the commercial initiative of the private sector, the minister said.